Hizmaylof

Bulls to Bear on USDJPY

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
USDJPY has offered us a great opportunity to trade long or shall I say invest.
This could be a trade that could last up to 30 days.
We are at the exhaustion of a wave and might see the small uptrend break out tonight or in few nights to come. If the daily uptrend breaks we will be looking to enter Short at an entry point and have two Take Profits.
TP 1. = 104.68
TP 2. = 100.5

Happy Trend Trading.
See you soon. Please check my previous analysis and comment on them.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.